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The story so far: The Insurance Regulatory and Development Authority of India (IRDAI) on June 12 introduced provisions that would guarantee a better exit payout for life insurance policy holders unwilling or unable to continue paying for their insurance. Providing higher ‘surrender value,’ or the exit payout, was also discussed in a consultation paper floated…
Construction workers are hard at work under the scorching sun. File | Photo Credit: Karthikeyan G The Tamil Nadu government should make insurance cover for construction workers mandatory in building plan approval applications, the Tamil Nadu AITUC Construction Workers Union has said. General secretary of the Union N. Selvaraj told The Hindu on Friday that three construction…
Farmers staging a protest against discrepancies in the disbursement of compensation for loss of crops at Gudamalani in Barmer district in Rajasthan. | Photo Credit: Special Arrangement. A peculiar situation has arisen for farmers in Rajasthan’s Barmer district, where the public sector Agriculture Insurance Company of India (AIC) has released compensation against claims for damage…
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